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White Mountains Insurance Group
3 posts
Bamboo Insurance has $879m of managed premium, but its IPO comes with a $548m debt question
CVC-backed Bamboo Insurance Services has filed for a New York Stock Exchange listing after managed premium approached $879 million and first-half revenue grew 40%. The capital-light insurance model is producing strong adjusted margins, but a $548 million term loan, declining GAAP profit and catastrophe exposure will make the eventual IPO price critical.
White Mountains to sell NSM Insurance Group to Carlyle for $1.8bn
White Mountains Insurance Group, a Bermuda-domiciled financial services holding company, has agreed to sell NSM Insurance Group to…
Intact Financial to acquire US specialty insurer OneBeacon Insurance for $1.7bn
Canadian property and casualty insurer, Intact Financial Corporation has entered into a definitive agreement and plan of merger…